Zinc Trend Today Technical Analysis for 03-12-2019 14:00:05

by wealthmann

December 3, 2019

14

In 1 hour chart Zinc price continues to trade at 181.45 and below the (Exponential Moving Average)EMA200 value of 188.087 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Zinc continues to trade below level, that could be an extraordinarily Bearish sign for Zinc

Even so, the 200-candle Exponential moving average (EMA) price range of 188.087 is proving a tough nut to crack.

Pivot (invalidation): 183.267

Our preference: Long positions above 184.583

Alternative scenario: Below 180.933 look for further downside.

Support Resistance Levels For Zinc Today at 03-12-2019 14:00:05

Pivot: 183.267

Resistance 1: 184.583

Resistance 2: 186.917

Resistance 3: 188.233

Support 1: 180.933

Support 2: 179.617

Support 3: 177.283

Yesterday High Low Close For Zinc

Yesterday High: 185.6

Yesterday Low: 181.95

Yesterday Close: 182.25

Today at 03-12-2019 14:00:05 Zinc trading at 181.45 with high of 182.8 and low of 181.3